Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Richard Saunders who wrote (445)	10/10/1996 9:35:00 PM
From: Kerm Yerman	of 24933

Richard & David / Wolverine Let me put all your information and thoughts together and come up with a conclusion on Wolverine. You both have the advantage of having the company provided materials. I've seen so many of these start up companies, I feel I can determine which ones to check into and those not to check into. I like those which have something going for them in order to generate a jump start in their early developement and growth. I think Wolverine might be in that category. I understand the reasoning behind the ratios and etc, but this company is just getting underway and it's hard to apply this logic at this time. This I know, if CEO fails to meet his projections, he's not going to get institutional backing or eager banks to offer debt financing in the near future. What I don't know is their capital budgeting broken down into catergories and how overall operations will be supported over 18 months from June 30th. I will be calling the company tomorrow and will get back to both of you with my gut feeling as well as data I can learn. If there is something specific either of you have im mind that should be covered, let me know tonight or very early tomorrow AM.

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